What is demonetisation?
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Demonetization is the act of stripping a currency unit of its status as legal tender. ... Sometimes, a country completely replaces the old currency with new currency. The opposite of demonetization is remonetization, in which a form of payment is restored as legal tender.
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Demonetisation means discontinuing the use of a currency note.
It happened in India, Rs 500 and Rs 1000 not were demonetized.
Thank you.
It happened in India, Rs 500 and Rs 1000 not were demonetized.
Thank you.
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